STOXX gains strong interest for smart beta strategies among Asian investors

  • Strong interest for smart beta strategies among Taiwanese investors
  • Rick Chau is new Head of Asia-Pacific based in Hong Kong

ZURICH, 23-Nov-2017 — /EuropaWire/ — STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a leading global provider of innovative and tradable index concepts, is expanding its footprint in the Asia-Pacific region as smart beta strategies are gaining the interest of Asian investors.

A passive index fund – with the iSTOXX MUTB Asia/Pacific Quality Dividend 100 Index as underlying – has been issued by Yuanta Securities Investment Trust Company recently. In its initial weeks of subscription, the fund raised more than US$100 million, a clear sign of the appetite of local investors for smart beta strategies. STOXX has already co-developed six index concepts together with Mitsubishi UFJ Trust and Banking Corp. (MUTB). In July 2016 STOXX, Yuanta and MUTB had signed a memorandum of understanding to expand the smart beta footprint in Taiwan and beyond.

“A key pillar of our Asian expansion is the cooperation with strong partners such as Yuanta and MUTB. Working with local partners helps us to understand precisely the expectations of regional investors when creating new concepts. Our expertise in factor and thematic strategies allow us to address the rising sophistication among Asian investors looking to diversify beyond the traditional country exposure indices. Our strong commitment to the region is underlined by the expansion of our local sales force in Hong Kong,” said Matteo Andreetto, chief executive officer, STOXX Limited.

STOXX hired Rick Chau as new Head of Asia-Pacific in November. Rick has a wealth of experience in the index and asset management field. Based in Hong Kong he will lead the continuous expansion of STOXX franchise in Asia-Pacific, reporting to Roberto Lazzarotto, STOXX Global Head of Sales.

About STOXX Limited
STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into three categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name.

STOXX indices are licensed to more than 500 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe’s number one and the world’s number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and also markets the DAX indices.

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

Further information

STOXX website

CV Rick Chau [PDF, 35.88 kB]

Photo Rick Chau [jpg, 968.22 kB]

SOURCE: Deutsche Börse Group


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